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Health Club Management

Health Club Management

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UNITING THE WORLD OF FITNESS
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Health Club Management

Health Club Management

News

Crunch Fitness franchisee secures growth funding – targets 50 clubs in the northeast of US

Fitness Holdings Northeast (FHN), one of the largest franchisees in the Crunch Fitness network, has secured growth investment from private equity group Synergy Capital.

The investment will fuel FHN's plans to launch and operate a 50-club network of Crunch gyms across the northeastern US.

It currently operates 18 locations in the region and is set to open four more locations in 2019.

According to Bob Cooke, FHN chief executive, the funding will enable the company to expand not only regionally, but also nationally through a mix of acquisitions and new developments.

"In seeking a partner, I wanted to find someone who shares FHN's ambition of becoming the largest franchise group in the country with at least 50 clubs in its name," Cooke said.

"It was apparent during talks with Synergy that they indeed share this vision. Our alignment in culture and values will make for a long-term, fruitful partnership."

Headquartered in New York City, Crunch Fitness opened its first site in 1989 and has since grown steadily and now has more than 300 gyms across five countries.

FHN's growth plans are in line with the larger plans to grow Crunch into one of the leading gym groups in the US.

Last month, Crunch CEO Keith Worts said the company expects to open "somewhere between 60 to 100 locations a year over the next five to 10 years".

Sign up for FREE ezines & magazines
Fitness Holdings Northeast (FHN), one of the largest franchisee groups in the Crunch Fitness network, has secured a "growth-oriented investment" from private equity group Synergy Capital.
HAF,FIT,IND,PTS
imagesX/THUMB341578_769098_780403.jpg
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Diary dates
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News

Crunch Fitness franchisee secures growth funding – targets 50 clubs in the northeast of US

Fitness Holdings Northeast (FHN), one of the largest franchisees in the Crunch Fitness network, has secured growth investment from private equity group Synergy Capital.

The investment will fuel FHN's plans to launch and operate a 50-club network of Crunch gyms across the northeastern US.

It currently operates 18 locations in the region and is set to open four more locations in 2019.

According to Bob Cooke, FHN chief executive, the funding will enable the company to expand not only regionally, but also nationally through a mix of acquisitions and new developments.

"In seeking a partner, I wanted to find someone who shares FHN's ambition of becoming the largest franchise group in the country with at least 50 clubs in its name," Cooke said.

"It was apparent during talks with Synergy that they indeed share this vision. Our alignment in culture and values will make for a long-term, fruitful partnership."

Headquartered in New York City, Crunch Fitness opened its first site in 1989 and has since grown steadily and now has more than 300 gyms across five countries.

FHN's growth plans are in line with the larger plans to grow Crunch into one of the leading gym groups in the US.

Last month, Crunch CEO Keith Worts said the company expects to open "somewhere between 60 to 100 locations a year over the next five to 10 years".

Sign up for FREE ezines & magazines
Fitness Holdings Northeast (FHN), one of the largest franchisee groups in the Crunch Fitness network, has secured a "growth-oriented investment" from private equity group Synergy Capital.
HAF,FIT,IND,PTS
imagesX/THUMB341578_769098_780403.jpg

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Patients from low-income backgrounds should be prescribed fitness trackers on the NHS, in order to
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Fitness equipment giant Nautilus has named James "Jim" Barr IV as its chief executive officer.
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1 - 15 of 10,999
Features
Member payments
It’s essential for clubs that the payment process is as easy to use as possible. HCM caught up with some of the leading member payment services to find out how they’re helping clubs
Features
Strength training
You may be able to help your members and customers avoid or reverse osteoporosis by encouraging weight bearing activities, as Liz Terry reports
Features
ukactive
Following the ActiveLab Live! finale at the recent Active Uprising conference, we take a look at startups that are using technology to help people become healthier and more active
Features
Asia
Over 300 fitness executives gathered in Singapore recently for the World Fit Summit. HCM’s Steph Eaves attended to chat with CEO and founder Ross Campbell and find out more about the industry in Asia
Features
Flooring
With the increase in popularity of functional training, the floor is increasingly becoming a piece of equipment in itself. Kath Hudson investigates
Features
Statistics
The fitness market in Europe is entering a new phase of growth according to the European Health & Fitness Market Report 2019 by EuropeActive and Deloitte. HCM reports
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There’s no one thing that will fix your member retention, but clarity of mission, a strong culture and an eye for data will drive significant change. Kate Cracknell reports from this year’s Retention Convention
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Are you optimising HIIT for your members, or are they put off by the pain? Abigail Harris looks at research into ways to better support members towards a positive outcome
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Dirk Van Der Flier

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As clubs with swimming pools and health and beauty facilities, the low cost model wasn’t going to work for us, but the clubs weren’t as high-end as David Lloyd clubs either. Our first intervention was to win over the staff and encourage them to act as though it was a high-end club
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Promotional Feature
Promotional feature
We’re at the beginning of the journey with EMS training in the UK. The benefits and applications of this type of training are vast, and there’s an enormous commercial opportunity for both PTs and operators
Job search
POST YOUR JOB
Featured supplier news
Featured supplier: Solent University’s brand new Sports Centre receives high performance flooring and functional rig solutions from EXF
Leading bespoke fitness equipment manufacturer, EXF Fitness has recently completed an installation project at Solent University in Southampton.
Featured supplier news
Featured supplier: Collaboration, not aggregation, is the message
MoveGB is a collaboration-based platform, but being a platform, one of the common worries we hear from our partners is about loss of customer ownership.
Opinion
promotion
Member retention is a growing problem for long-established gym chains, who are battling the growing budget and boutique gym market.
Opinion: Are you trying to beat budget gyms at their own game?
Video Gallery
Nautilus - Glute Drive
Core Health & Fitness
Inspired by the increasing trend of glute exercises seen in various and dangerous executions in the gyms today. Read more
More videos:
Company profiles
Company profile: Precor
For more than 35 years, Precor has driven fitness forward. We continue that heritage every ...
Company profiles
Company profile: TRX Training UK
TRX provides world-class functional training by offering quality equipment, effective workouts and world-class education capable ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Skincare
Sothys: Skincare
Direct debit solutions
Debit Finance Collections: Direct debit solutions
Management software
GymSales: Management software
Trade associations
International SPA Association - iSPA: Trade associations
Member access schemes
Move GB: Member access schemes
Spa software
ResortSuite: Spa software
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Locking solutions
Ojmar: Locking solutions
Architects/designers
Zynk Design Consultants: Architects/designers
Governing body
EMD UK: Governing body
Property & Tenders
Diary dates
23-25 Jul 2019
Melbourne Convention and Exhibition Centre, Melbourne, Australia
Diary dates
05-06 Sep 2019
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Diary dates
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